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WSJ What’s News

The Fed’s Interest-Rate Dilemma

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 22 March 2023

⏱️ 16 minutes

🧾️ Download transcript

Summary

A.M. Edition for March 22. The Federal Reserve faces a balancing act ahead of its next interest-rate decision today, as signs of lingering inflation collide with the prospect that recent bank instability could weaken the economy and call for lower rates. WSJ chief economics commentator Greg Ip breaks down where that leaves policy makers. Plus, U.K. inflation unexpectedly surges amid the highest food prices in decades. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

The scientists of today are creating the next big thing.

0:04.6

On the Wall Street Journal's future of everything podcast, get an early listen to what tomorrow

0:08.9

has in store.

0:10.9

Find us wherever you get your podcasts.

0:19.4

All lies on the Fed as markets brace for its latest rate decision.

0:23.9

If they're going to surprise the market, they would rather surprise them in a dovish

0:27.0

direction than a hawkish direction.

0:28.9

They could deliver the quarter point increase right now and that would be more or less with

0:32.2

the markets expect.

0:33.5

Plus inflation surges in the United Kingdom as food prices soar and a grand jury could

0:39.5

today indict former President Trump.

0:42.9

It's Wednesday, March 22nd.

0:44.7

I'm Luke Vargas with the Wall Street Journal and here's the AM edition of What's News,

0:49.9

the top headlines and business stories moving your world today.

0:59.9

The Federal Reserve today is facing one of its most difficult rate decisions yet following

1:06.9

recent weeks of market turmoil.

1:10.5

Investors will be keenly watching today's announcement, which is due at 2 p.m. Eastern

1:14.8

time and here with everything we need to know ahead of that big decision is Wall Street

1:19.5

Journal Chief Economics Commentator Greg Ipp.

1:23.0

Greg Boy it has been easy to lose count of the number of major economics and markets related

1:28.0

headlines we've had just in the last few days.

1:30.6

What of all of that is the Fed likely to be watching most closely now and how might we

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